Martin Lewis reveals quick move that can net 2million couples £1,000 cheque in post before Christmas

MARTIN Lewis has revealed a speedy instrumentality that could spot joined couples person a £1,000 cheque.

Speaking connected his website, the money-saving expert reminded those successful marriages oregon civilian partnerships that they whitethorn beryllium capable to assertion backmost wealth done Marriage Tax Allowance.

This allows eligible radical to transportation £1,260 of their idiosyncratic taxation allowance to their spouse oregon civilian partner.

To beryllium eligible, 1 spouse indispensable beryllium a non-taxpayer - earning nether £12,570.

The different needs to wage a basal 20% basal tax complaint - which applies to net betwixt £12,570 and £50,270 successful the UK.

If these conditions are met, the non-taxpayer is entitled to transportation 10% of their tax-free allowance to the payer - meaning little taxation is paid overall.

This could effect successful a taxation refund of up to £252 for astir 2 cardinal couples crossed the UK.

And, successful adjacent amended news, the refund tin beryllium backdated up to 4 years - meaning families could beryllium receiving a cheque of implicit £1,000.

Mr Lewis said: "Claiming taxation allowances isn't accepted Christmas fare, but it is simply a speedy mode for 2 cardinal eligible couples not presently claiming to get an up to £1,260 taxation refund."

Government figures amusement that 2.28million couples applied for the payment successful 2022/23 year.

And HMRC estimates that a whopping 2.1 million whitethorn beryllium missing retired - contempt being eligible.

Steve Webb, spouse astatine pension consultants LCP, told The Sun that the payment is "well worthy claiming".

He added that with idiosyncratic allowances frozen until 2026, couples should beryllium definite to "access each the tax-free income that they can".

How to use for matrimony allowance

You tin use for matrimony allowance online by visiting the gov.uk website, and it is escaped to bash so.

The idiosyncratic who earns the slightest should marque the claim.

However, if either of you gets different income, specified arsenic dividends oregon savings, you whitethorn request to enactment retired who should claim.

You tin telephone the Income Tax helpline if you’re unsure.

Changes to your idiosyncratic allowances volition beryllium backdated to the commencement of the taxation year, which is April 6, if your exertion is successful.

To beryllium eligible for the allowance the pursuing indispensable use to your and your spouse:

• You're joined oregon successful a civilian partnership.
• You bash not wage income taxation oregon your income is beneath your idiosyncratic allowance (usually £12,570)
• Your spouse pays Income Tax astatine the basal rate, which usually means their income is betwixt £12,571 and £50,270 earlier they person Marriage Allowance

If you lone wage income taxation astatine the basal complaint and judge you've been wrongly denied matrimony taxation allowance, you tin entreaty the determination straight to HMRC.

You and your spouse volition get caller taxation codes that bespeak the transferred allowance.

Your taxation codification volition extremity with 'M' if you are receiving the allowance and 'N’ if you are transferring the allowance.

You tin work much astir taxation codes and however they work here.

You'll request to telephone the matrimony allowance enquiries helpline to talk to an cause and explicate the issue.

You indispensable cancel your assertion for matrimony allowance if you and your partner divorce or your income changes. You tin bash this online.